24630-24660 Tehama Vina Rd - Manufactured Housing/Mobile Housing FOR SALE


Los Molinos, CA 96055
$2,150,000 USD
530-864-2404
24630-24660 Tehama Vina Rd, Los Molinos, CA for Sale
$2,150,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/42
null | Request Cap Rate

24630-24660 Tehama Vina Rd
Los Molinos, CA 96055


OVERVIEW

Riverside Crossing Mobile Home & RV Park is a rare riverfront value-add investment opportunity located along the Sacramento River in Los Molinos, CA. The property is situated on approximately 9.9 acres and includes approximately 70 mobile home/RV sites plus an additional apartment. The offering presents significant upside through lease-up, rent growth, operational improvements, utility reimbursement, and potential activation of underutilized riverfront areas. Current occupancy is approximately 40%, creating a clear stabilization opportunity for an experienced operator. The property benefits from approximately 700 feet of Sacramento River frontage, proximity to Mill Creek Park, nearby boat launch access, and convenient regional connectivity to Chico, Red Bluff, and surrounding Northern California markets. Ownership may consider attractive seller financing terms for qualified buyers. Buyer to verify all site counts, zoning, permits, financials, expansion potential, and future use. Listing Highlights: Asking Price: $2,150,000 Approx. 70 Mobile Home/RV Sites + Apartment Approx. 9.9 Acres / 431,243 SF Current Gross Income: $261,932 Pro Forma Gross Income: $561,600 Current NOI: $27,356 Pro Forma NOI: $298,944 Current GRM: 8.21x Pro Forma GRM: 3.83x Price Per Space: Approx. $30,714 Current Occupancy: Approx. 40% Seller Financing Available

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$1,042 USD /SF

# OF UNITS

71

PRICE/UNIT

$30,282

CAP RATE

Request Cap Rate

% LEASED

40%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverside Crossing Mobile Home Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

72

LAND DETAILS

LAND ACRES

9.9 AC

LAND SF

431,244 SF

ZONING

R1-MH

APN/PARCEL ID

066-140-008-000,066-140-009-000,066-140-010-000

ASK ABOUT THIS PROPERTY

Brent SilberbauereXp Commercial of California, Inc.More Info
530-864-2404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Brent SilberbauereXp Commercial of California, Inc.More Info
530-864-2404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.